Industry-acclaimed expo TIMTOS 2021's online version gained over 120,000 visits during the six-day exhibition period since March 15, show organizer Taiwan External Trade Development Council (TAITRA) reported. TIMTOS 2021 Online interactive mode, which allows buyers to connect with exhibitors, wrapped up on March 20, though the online platform will continue to be up until April for viewing onl...

TrendForce's research signaled that the COVID-19 pandemic's impact on the global auto market in the first half of 2020, has also affected the automotive LED industry. With the gradual recovery of overall sales in the second half of the year and the rapid development of new energy vehicles, the output value of automotive LEDs in 2020 will reach US$2.572 billion, a year-on-year decrease of 3.7%. ...

The Taiwan Association of Machinery Industry (TAMI) assembly elected its 29th chairperson and board members on March 25, seeing outgoing chairman Alex Ko handing over the mantel to the new chairman, Fong Kee International Machinery Co., Ltd. Chairman Wei Tsan-wen. Ko said under President Tsai Ing-wen's support, the administration included the smart machinery sector in the "5+2 Innovative Indu...

The fast-growing electric vehicle (EV) industry is likely to reach only 10% of market share by 2025, Pegatron Chairman Tung Tzu-hsien revealed but expressed optimism regarding Taiwan's potential for a more significant role in the sector. Tung pointed out Taiwan had not successfully integrated into the traditional automotive sector but could leverage into the EV parts, modules, to complete vehi...

Taiwan Association of Machinery Industry (TAMI) announced export figures for machinery equipment in the past two months on Wednesday, boasting USD$4.718 billion in export value, a YoY 25.4% increase. In New Taiwan dollars, that would be 134.07 billion, an 18.7% growth. TAMI reported that suppliers' order visibility now lies in Q3, signifying a strong rebound in the market. What's critical is ...

Benefiting from the surge in global bicycle demand amid the COVID-19 pandemic, Giant Bicycles announced on Thursday that the company earned NT$5.623 billion in consolidated revenue for February, an annual increase of 42.12%. Fellow bicycle maker Merida reported NTD$2.699 billion, a yearly increase of 60.91%. According to Giant's statistics, the accumulated consolidated revenue from January to ...

Tesla's declining prices indicate that the autonomous vehicle sector is entering the second stage in terms of product development, in which companies would roll out less expensive products to increase market share, writes distinguished professor Lu Hsi-peng in this week's opinion commentary published on Economic Daily News. He is teaching at the National Taiwan University of Science and Technolog...

The domestic machine tool industry's improving outlook and increase of short-term, urgent orders has prompted sector experts to revise export figures this year. Taiwan Machine Tool and Accessory Builders' Association (TMBA) Chairman Hsu Wen-hsien highlighted the sudden increase of orders has factories loaded to capacity for Q2. The association met on Thursday to revise the industry export's ou...

NEV saw record-high sales in the final two months of 2020, TrendForce reported, signaling a yearly growth of 4.3% with 2.9 million units sold. Judging the current trends, TrendForce expects to see sales figures hit 3.9 million units this year. However, such forecasts are still up in the air as the shortage of automotive chips has made producing vehicles difficult. For the BEV market, Tesla...

Media reports indicate that the traditional AM auto parts market is seeing a bounceback despite the global trend of developing electric cars. AM companies have said many global auto suppliers have been moving towards the electric vehicle sector, though the market for repairs in the "old-school" auto market still exists. A change in auto parts clients' product demand shows that auto companies ...